U.S. consumer prices edge up, supporting Fed rate rise

April 17, 2015 5:22 PM

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U.S. consumer prices edge up, supporting Fed rate rise

WASHINGTON (Reuters) - U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of inflation that should keep the Federal Reserve on course to start raising interest rates this year.

March's broad-based price gains bolster the U.S. central bank's long-held view that inflation will gradually move toward its 2 percent target as the dampening effect of lower energy prices fades.

Also read: U.S. motor travel up 1.5 percent in April from year ago: DOT

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